Featured Savings Rates
Featured Accounts

Independent Bank (McKinney, TX)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.50%Reward CheckingFree Rewards Checking
2.27%1-year CD13 Month CD Special
0.50%Reward SavingsREALSaver

Overview / Commentary
972-562-9004
3090 Craig Drive
McKinney, TX 75070

Independent Bank (McKinney, TX) is headquartered in Mckinney and is the 8th largest bank in the state of Texas. It is also the 146th largest bank in the nation. It was established in 1913 and as of March of 2018, it had grown to 932 employees at 72 locations. Independent Bank (McKinney, TX)'s savings rates are 3X the national average, and it boasts an A+ health rating.

Related Posts

Independent Bank (TX/CO) Offers 13-Month Promo CD - 6/16/2018

Independent Bank (TX/CO) has raised the rate on its 13-month Promotional CD to 2.73% APY. The minimum deposit is $1k, with no stated balance cap.

Rewards Checking - Reduction In Balance Cap - 8/17/2017

From my recent statement: Effective 9/21/17 the tiered rates that apply to this account for balances up to $10,000.99 will be 1.49% (1.50% APY) and balances $10,001.00 and above will be .15% (.15% APY).

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Reviews (4)

Good Experience

Posted by: pjhurst | Dec 4, 2016

I've been with the Independent Bank branch in Mckinney for about 3 years and have always had positive experiences with them. I've been inside the bank about half a dozen times and have used their ATM about the same number of times.

Poor Service/Customer Service

Have been a long time customer even before it was purchased by Independent Bank. What a shame. Service is lacking, but more important, when you walk in a branch, the people working there all look like they dislike their jobs. Therefore; service is equivalent. They really don't want to help you and they made that very clear. If you want service, this is not the place to go.

SNEAKY PEOPLE!

Posted by: TwinsDad | Jan 23, 2013

BEWARE! They changed the qualification criteria in Dec but didn't update the website until after the statement closed in January! When I called to complain they referred to a fine print at the very bottom of the Nov statement! Taking my money elsewhere.

Beware - This Bank Will Gouge You!

Posted by: disgusted | Oct 6, 2011

My "free" checking account at Independent Bank (Little Elm, TX branch) suddenly developed monthly service charges totalling $11.00. The charges showed up on my September bank statement. When I inquired about the charges, I was told: "We mailed out a letter in June to all free checking account holders to inform them that service charges were being initiated". Further inquiry resulted in the revelation that Independent Bank offers yet another "free checking account", but I must come in and apply for the new account in person. Even if such a change were being initiated, why couldn't the bank have politely informed account holders in June that ANOTHER type of free account is available???? The simple answer is that this bank has taken this opportunity to extract funds from its account holders who either ignored their letter or, worse yet, never received it . I have no recollection and no record in my files of having received the letter supposedly mailed in June. I have closed my account at Independent Bank and will never do business with them again. Perhaps others can profit from my experience. (I have awarded one star to this bank due to the fact that it is not possible to award zero stars.)



Health
A+

Health Grade Components

Overall
FDIC Certificate #3076
Year Established1913
Employees932
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.48%
Return on Equity - YTD8.7%
Annual Interest Income$88.0MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$8.80B$6.02B
LoansQ1 2018vs Q1 2017$6.63B$4.67B
DepositsQ1 2018vs Q1 2017$6.80B$4.73B
Equity CapitalQ1 2018vs Q1 2017$1.50B$805.0MM
Loan Loss AllowanceQ1 2018vs Q1 2017$42.0MM$33.4MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$19.2MM$12.1MM
Real Estate OwnedQ1 2018vs Q1 2017$3.5MM$2.9MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Independent Bank (McKinney, TX) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.41%*$5m*-High Yield Index Fund
OTHER TIERS: 0.05% Up to $250k | 0.75% $25k - $1mm | 1.16% $1mm - $5mm
0.50%*-$15kREALSaver
OTHER TIERS: 0.15% $15k+
0.30%*$100k*-Index Fund Account
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $50k | 0.25% $50k - $100k
0.15%$50-Regular Savings

Independent Bank (McKinney, TX) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-Money Market

Independent Bank (McKinney, TX) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$1.5k-COLTAF (Colorado Lawyer Trust Account)
1.50%*-$15kFree Rewards Checking
OTHER TIERS: 0.15% $15k+
1.00%$1.5k-IOLTA
0.25%$500-Platinum Club Account
0.05%$500-NOW Checking

Independent Bank (McKinney, TX) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%$1k-13 Month CD Special
1.77%$1k-3 Year Step Up CD
1.51%$1k-5 Year CD
1.00%$1k-3 Year CD
0.70%$1k-2 Year CD
0.60%$1k-1 Year CD
0.30%$1k-180 Day CD
0.10%$1k-90 Day CD
0.05%$1k-30 Day CD

Independent Bank (McKinney, TX) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$250-5 Year IRA CD
1.00%$250-3 Year IRA CD
0.60%$250-1 Year IRA CD
0.60%$250-18 Month IRA CD
Locations

Availability



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